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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Qihoo 360 Technology (
QIHU) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Qihoo 360 Technology fell $1.52 (-1.8%) to $81.24 on light volume. Throughout the day, 1,701,765 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 2,959,700 shares. The stock ranged in price between $80.52-$83.45 after having opened the day at $83.12 as compared to the previous trading day's close of $82.76. Other companies within the Internet industry that declined today were:
support.com (
SPRT), down 5.0%,
Renren (
RENN), down 4.7%,
Tremor Video (
TRMR), down 4.5% and
CafePress (
PRSS), down 4.3%.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $10.3 billion and is part of the technology sector. The company has a P/E ratio of 103.3, above the S&P 500 P/E ratio of 17.7. Shares are up 181.8% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates
Qihoo 360 Technology as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.